Legacy by Design LLC.
Cultivating Multigenerational Success in the Agricultural Community
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A Succession Plan to Achieve Your Intentions
As you cast your resolutions for 2010, use the motivation of the New Year and commit to take the next step (or the first step) in the succession planning process. We all know that dreams can come true, but the inspiration must be followed by commitment and supported by perspiration… To thrive across the generations, a business must: Build upon and abide by a plan for success Be dynamic, motivating, and progressi...
Christmas Wishes
As impersonal as the internet can be, this blog and my columns are intended to create a dialogue between us. I am always mindful that there are real people who read, reflect and sometimes respond to my words. As this year gives way to the next, please know that I sincerely appreciate a healthy exchange of ideas, and the opportunity we have to connect. Looking Ahead to 2010: Register for AgC...
Partnerships & Alliances
When you consider growth and development there is always a question of how best to accomplish the task. Considering a partnership or any type of strategic alliance requires more research than most people invest. The most important aspect of a business alliance (shared ownership, strategic alliance or dedicated supplier) is a common and clearly defined objective. What do you want to accomplish, what does the other party[ies] want, and ...
A Growing Agribusiness
A growing agribusiness should generate three sources of income—profit, equity and satisfaction. The objective of every business owner must be to maximize these rewards. To do so, an owner must aspire to the five Gs: Grow equity, which is the foundation for permanence, rather than income. Groom tomorrow’s leaders today, rather than develop obedient managers. Generate capital improvements for long-term success, rathe...
A Light at the End of the Tunnel?
For the agribusiness owner, retirement should be a light at the end of the tunnel. For some it’s a sense of freedom and reward. But, for others it’s an oncoming locomotive at full speed. Regardless, any business – be it a farm, agribusiness and large operation – is only as valuable as the return (monetary, and beyond) a person is able to derive from ownership. It’s not uncommon for an owner, after 40-s...
Affirmations: The Key to Achievement
Affirmations are the key to achievement and self talk is the most important conversation a person can have. Whether you ‘can’ or ‘can’t’, you’re correct. Use positive self-talk with conviction and you start down the path to success. One of my great passions is flying. My first airplane was a 1946 Taylorcraft. Buying the plane was a dream come true. Learning to land, however, was one of the most difficult skills I&rsq...
These are the Good New Days
Nothing sells like bad news. According to the mass media, the sky is always falling. I recently read a book set in the early 1900s; the stories and the photos of that era always bring about craving for simpler times. But the early 20th century, though simplistically appealing, was also terribly primitive compared with today. The early 1900s was an era of tuberculosis, typhoid, sanitariums, child labor, child death, horses, horse...